Perspective on January CPI Data By Mr. Nish Bhatt, Millwood Kane International
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is perspective on January CPI Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
The retail inflation for the month of January has crossed the 6% mark. It has risen for a few months to a 7-month high. The rise in inflation is primarily due to rising food and fuel prices. Though the retail and wholesale inflation has been rising and stayed elevated for a few months, a soothing factor for the market has been the comment by the RBI Governor last week. The rising inflation is not a matter of concern for the central as the focus remains on growth. As per RBI inflation is likely to ease as progress further in CY22.
Ease in geo-political tensions, subsequent fall in crude prices, and a good monsoon year will help ease in
retail inflation.”
Above views are of the author and not of the website kindly read disclaimer
